540 Ortiz Dr SE, Albuquerque, NM, 87108
About This Home
Strong investment opportunity in a desirable rental corridor just a 10-minute drive to UNM and Nob Hill. This property features 2-bedroom, 1-bathroom units that are individually metered for gas and electric, helping support efficient tenant utility management. The property shares a courtyard with 538 Ortiz (MLS# 1106770) , creating potential for a combined acquisition and stronger portfolio presence. The seller prefers to sell both properties together. Please do not disturb tenants. Showings are subject to an accepted offer.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1983
Materials
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Appliances
- Appliances included: Free-Standing Electric Range,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
Features
- Flooring: Laminate
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Evaporative Cooling
Interior Area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 101805604247522622
- Zoning description: R-MH*
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Lot size: 6,969 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,047 | $24,564 |
| Home Insurance * | $116 | $1,392 |
| Property Taxes | $286 | $3,432 |
| Electricity | $238 | $2,866 |
| Total | $2,687 | $32,244 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Price change | $395,000 |
| 2026-07-24 | Listed for sale | $405,000 |
| 2026-07-21 | Pending sale | $405,000 |
| 2026-07-06 | Listed for sale | $405,000 |
| 2018-09-05 | Sold | -- |
| 2018-07-07 | Pending sale | $193,000 |
| 2018-06-18 | Listed for sale | $193,000 |
| 2016-06-17 | Listing removed | $480 |
| 2016-03-16 | Price change | $495 |
| 2016-03-02 | Price change | $505 |
| 2016-02-02 | Price change | $485 |
| 2016-01-13 | Price change | $500 |
| 2016-01-05 | Listed for rent | $515 |
| 2015-11-06 | Listing removed | $475 |
| 2015-11-05 | Listed for rent | $475 |
View on Zillow